- VA Interest rates are the same at all types of lending institutions – False. Depending on the level of overhead a company has (salaries, rent, advertising) will eventually makes it way into the pricing which will effect the rate the company is offering. The lower the overhead, typically the lower the interest rate. It always pays to shop around for an independent mortgage broker who can offer their wholesale pricing. At VAHomeLoans.com we are an independent mortgage broker located here in Washington State, close to JBLM.
- You can use your VA loan more than once – True! Plus your VA benefits never expire. So even if it’s been 20 or 30 years since you last used your VA benefits to purchase a home, we can help update your certificate of eligibility (COE). We have access to the VA portal and about 95% of all VA COE’s come back in seconds.
- You can only have one VA loan at a time – False With VA you have what’s called second tier entitlement which may allow you to purchase another home while converting your current home into a rental. This is a great way to build wealth through real estate.
- VA loans take a long time to close – False VA loans can typically close within 30 days or less. Most times quicker than FHA and some conventional loans. Depending on the speed of the appraiser and willingness of the seller to move out, you can close a VA loan in 20-25 Days.
For more information about the VA home loan program in Lakewood, Washington feel free to reach out to Kevin @ VAHomeLoans.com 253-472-1500. With over 36 years of lending experience, we can help you from start to finish.Verify your mortgage eligibility (Sep 28th, 2023) Show me today's rates (Sep 28th, 2023)